Financial Daily from THE HINDU group of publications
Saturday, May 11, 2002
Financial Daily from THE HINDU group of publications Saturday, May 11, 2002 |
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Stock Exchanges Markets - Stock Exchanges DSE records zero turnover Our Bureau
NEW DELHI, May 10 THE Delhi Stock Exchange (DSE) today recorded zero turnover for the first time in its 54 years of existence. Not a single transaction was carried out by any of the approximately 200 member-brokers of the exchange. Exchange officials said that following the launch of a subsidiary company which has taken membership of the BSE, all transactions are routed to the BSE as a result of which the exchange is on the verge of closure. DSE's turnover has been hovering at less than Rs 1 crore since the beginning of fiscal 2002-03. Earlier this month, the exchange had recorded a turnover of Rs 100 on a particular day. Historically, DSE recorded the highest turnover of more than Rs 1,200 crore during 1999.
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